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M&A / Property

Imaflex Shareholders Approve Proposed Plan of Arrangement to be Acquired by Soteria

By The Northwire Desk — AI Analysis Feb 19, 2026 · 16:15 IFX · 2.34 Imaflex Inc.
IFX · Price

Executive Summary

  • Imaflex Inc. shareholders approved a plan of arrangement under which Soteria Flexibles AcquireCo Ltd. will acquire 100% of Imaflex’s outstanding common shares.
  • The resolution passed with 99.97 % support from voting shareholders at the special meeting held on February 19, 2026.
  • Subject to customary closing conditions and a final court order, the transaction is expected to close on or about February 27, 2026.

Key Details

  • Transaction Structure: Plan of arrangement under Canada Business Corporations Act §192; Soteria Flexibles AcquireCo Ltd. (affiliate of Soteria Flexibles Corp.) will acquire all issued and outstanding common shares of Imaflex.
  • Shareholder Approval: 99.97 % of votes cast in favour (including virtual/proxy votes); 99.95 % after excluding votes required to be excluded under Regulation 61‑101.
  • Closing Conditions: Requires customary approvals, issuance of a final order by the Superior Court of Québec (Commercial Division) – hearing scheduled for February 20, 2026.
  • Anticipated Closing Date: On or about February 27, 2026, provided all conditions are satisfied or waived.
  • Post‑Closing Ownership: Soteria Flexibles AcquireCo Ltd. will become the sole shareholder of Imaflex; Imaflex will be a wholly‑owned subsidiary of Soteria Flexibles Corp.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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